Entries for this trade will be taken a s resistance is met again for the 3rd drive where we can look to enter long after any type of reversal pattern shown at the fib level of 61.8% from the previous low to the current structural high on the longer term 8-hr/daily time frame.
no trade this week yet, very soon though. make sure to be in our telegram @Joel_Walczok,
vincent007
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Not necessarily. if it breaks the the kumo and CLOSES under it its down.
UnknownUnicorn3442968
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@vincent007, Well yeah, hence the reason this i s still a trade setup. An exact extry (always) is given to ouro VIP members in telegram. These are simple setups, they are either invalid or valid. Most the time they are valid, however sometimes support zones that are shown are broken, as support zones can sometimes be broken.
In this case since the chart was posted, the Aussie-dollar is respected the zone above. Until it isn't, a bullish bias remains at the 61.8% fib.